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12 February 2025 | 7 replies
Try a Google search for managers or look for an investors group in the area that can provide personal recommendations.1.
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18 February 2025 | 4 replies
I was looking into unsecured personal loans but they only cover about 50-100k for 1 year duration.
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9 February 2025 | 3 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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18 February 2025 | 2 replies
However, transferring your current home into an LLC may affect financing, as most traditional lenders require it to remain in your personal name for a home equity loan.
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24 January 2025 | 2 replies
While they’re out partying, you’ll be home learning, analyzing deals, and honing your craft.
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27 January 2025 | 29 replies
You don’t have to pay $20k+ to learn to broker loans.
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30 January 2025 | 62 replies
Good people gave me work, I learned more skill, more money, worked hard!
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11 February 2025 | 6 replies
I am looking to learn about the industry and set a goal of making my first purchase this year if it makes financial sense.
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10 February 2025 | 4 replies
Everything I am learning about mentions Local.
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13 February 2025 | 4 replies
I haven't used it personally myself, but have heard good things, and I'm sure you can use it in your area.